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Should insurance companies use credit score to determine policy cost? |
Should insurance companies use credit score to determine policy cost? I think they should be required to produce scientific evidence that there is a correlation for each line of insurance they use it for. yes, because they can help determine the likelyhood of someone defrauding their insurance for financial gain. I think some of them do, don't they? It has to do with how much of a risk someone is. People who have sloppy marginal credit are often sloppy marginal insurance risks. No I do not think that they should. No your credit score should have no bearing on insurance rates what so ever Credit score do nothing to show how high of an insurance risk you are only what type of CREDIT RISK Period. a lot of them do. i think that they should look at your driving record and age, and not if you missed a loan payment 3 years ago. what you credit history has to do with the way you drive i don't know. yes. if you have a bad credit score go to a different insurance company. Meanwhile those with a good score and less risk of false claims, benefit from paying what they owe,, when they owe it. I agree with thylawyer. |
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